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Technology Stocks : Year 2000 (Y2K) Embedded Systems & Infrastructure Problem -- Ignore unavailable to you. Want to Upgrade?

To: John Mansfield who wrote (281)	3/28/1998 4:10:00 AM
From: John Mansfield	Respond to of 618

...Now the Bad News '<Snip>...The problem is greater than you think. While I've never believed the argument that many companies will go out of business due to Y2K compliance problems (you can always go back to paper and pencil, if you must), there have already been documented incidents of Y2K-noncompliance problems. A major financial institution had published wrong portfolio information due to non-compliant future date calculations. An acquaintance of mine had his credit card "eaten" by a bank ATM machine because it didn't recognize the 00 year field on the card. But these type of incidents are still isolated and sporadic at this time. What does concern me is the amount of embedded microprocessors used in a wide variety of critical equipment, the bank ATM machine just being one. Add to the items listed above, aircraft control systems, automobile ignitions, manufacturing processing machinery, telecommunications equipment, electrical systems and many, many other types of goods critical to life functioning being affected. There will some dramatic dislocations and events occurring because of the effects from the date rollover, we just don't know for certain where and when. _____________ Full story Editorial - The Good And The Bad About The Y2K Crisis Newsbytes News Network Fri, Mar 27 1998 guide-p.infoseek.com